LatinNews Daily - 17 October 2019

* Argentina’s national statistics institute (Indec) has released its latest inflation data which found that the national inflation rate rose by 5.9% % month-on-month in September, while the year-on-year rate stood at 53.5%. This is the highest monthly increase in prices registered in the year and brings the accumulated rate for the first nine months of 2019 to 37.7%. The adverse result comes after the inflation rate started decelerating this year only to start accelerating again following the 11 August party primaries ahead of the 27 October general election in which Alberto Fernández, the presidential candidate of the hard-line Peronist opposition Frente de Todos coalition, secured a decisive lead over President Mauricio Macri, triggering a sharp devaluation of the Argentine peso that has once again stoked inflation.

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